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Jan 10, 2013
01/13
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as justification, lew could say the president had to choose between conflicting laws congress has passed requiring him to spend money and not spend it at the same time. >> at that point, i assume someone who would claim to be an injured party would bring suit and the federal government, if you can imagine this and the congress would find themselves before the supreme court arguing under what circumstances the debt of the united states should be paid or could be paid. it gets into really nasty stuff. >> reporter: but veterans of washington's budget bales say the rhetoric jack lew will face will be much nastier than the ultimate outcome. >> the debt ceiling is going to be an ugly fight, perhaps as ugly or even uglier than what we went through at the end of last year, but the real fight is not over the debt ceiling, the real fight is over deficit reduction and the debt ceiling is not a lever that will ultimately be pulled. being treasury secretary over the next couple of years is not going to be an easy job, tom. >> tom: what do we know about lew's background, darren, that could inform us h
as justification, lew could say the president had to choose between conflicting laws congress has passed requiring him to spend money and not spend it at the same time. >> at that point, i assume someone who would claim to be an injured party would bring suit and the federal government, if you can imagine this and the congress would find themselves before the supreme court arguing under what circumstances the debt of the united states should be paid or could be paid. it gets into really...
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Jan 29, 2013
01/13
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that is a hard concept to explain to people but that's why we need law make ares and advocates who can make that case to people in the coming months. immigrants help create jobs. they don't take jobs from americans. >> certainly this will be topic a for a while. thank you so much for coming on our program, tamar jacobby. >> susie: when it comes to drugs, the generic pharmaceuticals business has been on fire as more and more insurers move customers to generic medicine as a way to trim healthcare costs. one of the beneficiaries has been watson pharmaceuticals. ruben ramirez reports. >> reporter: watson pharmaceuticals has a new name and a new logo. the world's third-largest generic drug maker changed its name to actavis, a company watson bought last fall. c.e.o. paul bisaro says its no stranger to growth through acquisitions. >> in the short-term we'll be looking for add-on acquisitions whether it's in the branded space where we continue to be very aggressive in the areas of women's health and urology trying to find new therapies we can bring to market. i think a bigger transaction for u
that is a hard concept to explain to people but that's why we need law make ares and advocates who can make that case to people in the coming months. immigrants help create jobs. they don't take jobs from americans. >> certainly this will be topic a for a while. thank you so much for coming on our program, tamar jacobby. >> susie: when it comes to drugs, the generic pharmaceuticals business has been on fire as more and more insurers move customers to generic medicine as a way to...
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Jan 23, 2013
01/13
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WETA
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>> well, i think investors may have caught up to apple's stunning growth, but perhaps the law of large numbers, i think growth is getting increasingly harder to achieve. i think the easy growth has already happened in the iphone in developed markets like the u.s. the next wave of growth will come from emerging markets, from china and lower-priced phones. so apple may have a harder time getting that sort of growth. >> tom: i think 61% of its business last quarter was done internationally. showing how important the international shares are. what about comply constraints that apple may have experienced. there was lots of talk about that with the apple iphone 5. are those restraints continuing. >> it looks like it weighed on the december quarter, the iphone 4 and there was a lot of demand for the cheaper version. it seemed like on a lot of different levels, iphone wasn't able to execute. and that was surprising, given tim cook's strengths. that is not an area we think is weak. after steven job's paving. >> tom: and is that what we heard, the late forecast, being a little shy of what we exp
>> well, i think investors may have caught up to apple's stunning growth, but perhaps the law of large numbers, i think growth is getting increasingly harder to achieve. i think the easy growth has already happened in the iphone in developed markets like the u.s. the next wave of growth will come from emerging markets, from china and lower-priced phones. so apple may have a harder time getting that sort of growth. >> tom: i think 61% of its business last quarter was done...
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Feb 7, 2013
02/13
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post office to deliver six days a week, but the postmaster general believes there is a loophole in the law that will allow him to make the change. darren gersh reports on the business fallout. >> reporter: first class mail is the postal service's most profitable product. it is also a business that is disappearing at the rate of 5% a year. >> people pay their bills online. it's simple, it's easy, it's free. you cannot beat free. >> reporter: and the postal service is tired of trying to beat free. so it plans to eliminate saturday home mail delivery beginning on august 5. the move will cost 22,000 workers their jobs and may save $2 billion a year. ut even th, will not be enough. more dramatic cuts will be needed. >> you can't support a system built for 200 or even 300 billion pieces, now we got 150 billion, which is still a boat load of mail. >> reporter: the business community is split on the end of saturday delivery. many companies worry they'll pay more to shore up the postal system. others fear the cutbacks will put them out of business. many rural newspapers depend on saturday deliver.
post office to deliver six days a week, but the postmaster general believes there is a loophole in the law that will allow him to make the change. darren gersh reports on the business fallout. >> reporter: first class mail is the postal service's most profitable product. it is also a business that is disappearing at the rate of 5% a year. >> people pay their bills online. it's simple, it's easy, it's free. you cannot beat free. >> reporter: and the postal service is tired of...
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Jan 15, 2013
01/13
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KQED
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dividend theme i think our call was that the tax rate wasn't going to rise the way it was written in the law. we have seen that and this is a pretty compelling group of stocks. you have low payout and bond rates are low so you can buy dividend stocks that yield well relative total attorney difficults in the bond market. on the megacap stocks you have a lot of large high quality american companies that should be able to grow at or higher than the rate of the market or cheaper than the market and also have those higher dividends. >> susie: and the other two sectors that you also recommend to your morgan stanley clients, health care, companies like cardinal health, and industrials like honeywell, general motors what is the story there? >> well, for health care look, when you want to be a little defensive in the markets's natural for people to think about two sectors, health care and staples. we really like health care more than staples right now. we see that pretty clearly. health-care companies are beating estimates more, they have higher cash balances and you know they are much cheaper. they
dividend theme i think our call was that the tax rate wasn't going to rise the way it was written in the law. we have seen that and this is a pretty compelling group of stocks. you have low payout and bond rates are low so you can buy dividend stocks that yield well relative total attorney difficults in the bond market. on the megacap stocks you have a lot of large high quality american companies that should be able to grow at or higher than the rate of the market or cheaper than the market and...
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Jan 16, 2013
01/13
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it's following the law. >> reporter: a draft of a new federal report warns americans are already experiencing more droughts and floods and are seeing rising sea levels as the climate changes. and as superstorm sandy has shown, the costs of dealing with extreme weather are also rising. darren gersh, "n.b.r.," washington. >> susie: while the super bowl marks the grand finale for football season, it's also the priciest event for u.s. television advertising. viewers can expect to see ads from big brand names like taco bell, chrysler and pepsi. but can companies expect a good return on their investment this year? rick horrow explains in tonight's "beyond the scoreboard." >> reporter: advertising during the super bowl is an expensive and risky. for nearly $4 million, companies get 30 seconds to pitch themselves to more than 100 million americans watching. making the challenge even more daunting for advertisers, it is a crowded broadcast with dozens of companies vying for your atttion, buying commercial time during the super bowl broadcast. a successful ad is one that's memorable relative to the oth
it's following the law. >> reporter: a draft of a new federal report warns americans are already experiencing more droughts and floods and are seeing rising sea levels as the climate changes. and as superstorm sandy has shown, the costs of dealing with extreme weather are also rising. darren gersh, "n.b.r.," washington. >> susie: while the super bowl marks the grand finale for football season, it's also the priciest event for u.s. television advertising. viewers can expect...
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Feb 9, 2013
02/13
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captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >>> does state law allow cities and counties to ban cannabis dispensaries? even though voters approve the use of medical marijuana? >> the legislature knows how to say, thou shalt not ban dispensaries. they didn't say that. >> that's the question before california's highest court this week. the ruling could have a huge impact on the state's massive medical marijuana industry. >>> job growth in silicon valley is outpacing the rest of the nation. but a new report says the income gap between rich and poor is widening. leaving some minorities behind. >>> with the number of people riding bicycles rising fast, san francisco planners roll out a multimillion dollar strategy to add bike lanes, parking stations and other improvements. we'll talk with the head of the san francisco bicycle coalition. >>> plus, california takes the first step to grant special protection to the ocean's top predator. coming up next.
captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >>> does state law allow cities and counties to ban cannabis dispensaries? even though voters approve the use of medical marijuana? >> the legislature knows how to say, thou shalt not ban dispensaries. they didn't say that. >> that's the question before california's highest court this week. the ruling could have a huge impact on the state's massive medical marijuana industry. >>>...
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570
Feb 28, 2013
02/13
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KRCB
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eye 570
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so we'll probably see some of the sequester, but not everything that's in law right now. >> reporter: oh, by the way, if the president and congress find a way past the sequester at their meeting on friday, they'll face another crisis on march 27th when funding for much of the government is scheduled to run out. darren gersh, "n.b.r.," washington. >> tom: while lawmakers couldn't agree on a solution to the sequester, they did finally agree on something else late today: who will next lead the treasury. jack lew was confirmed as the next u.s. treasury secretary just a while ago, by a senate vote. >> tom: it's more bad news from j.c. penney. after the bell it posted fourth quarter results, coming in well below expectations. penney's lost $1.95 a share in the last three months of 2012, it was far worse than the $0.18 per share loss analysts had forecast. over theast year, thstoc has lost about half of its value, it fell below falling below $20 a share in after hours trading. >> reporter: well, you can't say >> reporter: well, you can't say j.c. penney c.e.o. ron johnson isn't trying new th
so we'll probably see some of the sequester, but not everything that's in law right now. >> reporter: oh, by the way, if the president and congress find a way past the sequester at their meeting on friday, they'll face another crisis on march 27th when funding for much of the government is scheduled to run out. darren gersh, "n.b.r.," washington. >> tom: while lawmakers couldn't agree on a solution to the sequester, they did finally agree on something else late today: who...
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Jan 30, 2013
01/13
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they argue the 1986 amnesty law brought in more illegal workers who compete with americans looking for low-wage work. >> we can't just be thinking about the needs of the illegal immigrant population, as attractive as many of them may be and as hard working many of them may be. we really need to be focusing on the americans who need those jobs and have been disadvantaged by the tremendous presence of illegal immigrant workers. >> reporter: the argument isn't just about low-wage work. the president says foreign students studying math and science at universities across the united states should get a green card when they graduate. >> right now, there is a student wrestling with how to turn their big idea, their intel or instagram, into a big business. we're giving them all the skills they need to figure that out, but then we are going to turn around and tell them to start that business and create those jobs in china or india or mexico. that's not how you grow new industries in america. >> reporter: but for every opening at a top high-tech firm, there are often dozens of applicants. the pre
they argue the 1986 amnesty law brought in more illegal workers who compete with americans looking for low-wage work. >> we can't just be thinking about the needs of the illegal immigrant population, as attractive as many of them may be and as hard working many of them may be. we really need to be focusing on the americans who need those jobs and have been disadvantaged by the tremendous presence of illegal immigrant workers. >> reporter: the argument isn't just about low-wage work....